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Home My WebLink AboutD-839 Parking Lot #12 Recorded 01/19/1970TO 443 C O ( Witnitn ess ' (s) c STATE OF CALIFORNIA ..; San Luis Obispo } Ss. COUNTY OF On December 2' 1969 —before me, the undersigned, a Notary Public in and for said State, personally appeared John F. Ready personally known to me to be the person whose name is subscribed to the within Instrument, as a Witness thereto, who being by me duly sworn, deposes and says: a That resides in San LUIS nbi snR_ [:nnnty of and that _he�_ was present and saw i John .T_ A}► am &MMa C' personally known to hilm _ —to be the same W persot8_described in and whose name$ —are— subscribed F -, to the within and annexed Instrument as the m Part ies thereto, execute and deliver the same, and SEAL. pN'I MC �,yo;�ARQFF then acknowledged to said affiant that p�,;YLL1S CALCOUN7Y executed the same; and that said affiant subscribe — NOTARY pUSLtC- OB15P00� `I name thereto as a Witness. WITNESS d and veal. 5AN LUIS 15,1972 tAycotntnissionE%P 9 Signature gpX $10,1141 Chotto St., San Lu1s Obispo. Ca. J `r Name [Typed or Printed) ret. f..(• .a4OL155O .fAGE , A WEC ORDING REQUESTED BY Titbb,lnsurance & Trust L pany AND WHEN RECORDED MAIL TO F 7 Name City of San Luis Obispo street 990 Palm Street Addre. - San Luis Obispo, California ci ty & state L 93401 MAIL TAX STATEVINTS TO F- Name SAME AS ABOVE Strew City & State L DOC, NO. f203 - OFFICIAL RECORDS SAN LUIS OBISPO CO., CALIF. WILLIAM E. ZIMARIK, COUNTY RECORDER JAN 191970 $ R K : 0 1 A c MMONM 0 SPACE ABOVE THIS LINE FOR RECORDER'S USE Documedr�tary' tra-Is'er ";;. $- -. - -- 1Y.0 ................... n Comp r,,j full value of Prn;rje!"A, conveyed. C] or co,— :itad L),, I j,p luil value less Hei—I nid ncas ramai-i-,ii-ig at time of sz'a. _j Signature of Derlar-l"t or Kent determining tax. Firm Name CITY OF SAN .LUIS OBISPO Grant Deed D.T.T. 8... TO 405 CA (9,68, THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, JOHN J. AHEARN and MARY C. AHEARN, husband and wife hereby GRANT(S) to CITY OF SAN LUIS OBISPO, a Municipal corporation the following described real property in the City of San Luis Obispo County of - San Luis Obispo State of California: DESCRIPTION ATTACHED HERETO AND MARKED EXHIBIT "All CONSISTING OF ONE PAGE. Dated November 25, 1969 xe 7 ohn�4' A'hearp STATE OF CALIFORNIA SS. Rairy/C. Ahearn COUNTY OF -S On before me, the under- signed, a Notary Public in and for said State, personally appeared W ITWOSS known to me to be the person whose name subscribed to the within instrument and acknowledged than executed the same. WITNESS my hand and official sea]. r Signature -Name (Typed or Printed) (Thl. area An ofielal natartal wal). Title Order No. Escrow or Loan No. 96102—PP MAIL TAX STATEMENTS AS DIRECTED ABOVE 0 ? VOL 155 2_8 n 0 G M CD 0 > z -9 m m * r o- r:2 n -4 > r r m r m fn 0 tai m 0 0 r 0 CD z -1 m M r 1 00 > r n > r r m r m n CD C TO 1012 FC (7 -68) California Land Title Association Standard Coverage Policy Form Copyright 1963 TI POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number; the effective date, and amount of which are shown in Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: 1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C, existing at the date hereof, not shown or referred to in Schedule B or_ excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2. Unmarketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon the estate or interest referred to in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its priority; \ �\ \\%� all subject, how�vet��t�d13e pro stO� of Schedules A, B and C and to the Conditions and Stipulations hereto annex G D T 0 JR` P ME IS•PR0000 0* /, csnr Tn • �'�1 jZ /, gvo z tivkeln w "I �.c� hereof, Title Insurance and Trust Company has caused its / W j coTporate)nank and seal to be hereunto affixed by its drily authorized officers `�--,.tvri thud. �ateSbc & Schedule A. _ • - . -gr X12. • z Title Insurance and Trust Company If, �•9 ATE IS GO••* \<4. by I\\ `�� ®`� PRESIDENT Attest / v SECRETARY s (AOyod siyl }0 a6Od 4SO-1 uO papnl:)uo:) puo panuiiuoD suoilolndtlS puo suoil!Puo:)) jo luawAed jo iapuai io iuiwArd `aseya -md yans 'ssaupalgapw pies iseyaind w uo!ldo aqi aney llrys Auedwo:) aqi `Aallod s!yi Aq paianoa asrsiiow r Aq painaas ssaupalgapw ayi jo iaumo ayi Aq bilod s!qi iapun PQWiep s1 ssol asra u1 •io •bTlod srtp jo iunowe llnj ayT Ard of io lsu!'av pa.msui wtpp Aur painsul ay jo awru ayi UT io iO] a51w0]dwOa io ipias io Ard of uondo aqi anry llrys Auedwo7 ayy SWIVID 3SIW -OadWO3 NO 31113S 'AVd Ol NOWO '9 -.bgod stye iapun uotim Aur jo pains -ul aqi Aq iauvuaiuirw lsurrRe ieq lAtsnp _UO3 IT aq pet's 'pa!jraads aiojaqu!aiay awls aqi u!gi!m uonar yans aauawwoa of io •asrwrp io ssol jo wawams yans yswinj of amirrd -pouad Aup ATityi pTes jo uogwtdxa iaije siaaA aA!j u!gi!m uoaiayl paauiwwoa aq lleys uouar ssalun Aatlod slyi iapun painsul aqi Aq peq aq lleys AiaAwal ou pur -pagsluin uaaq anry llrys luawalrls yaps iaije sY'ep Amyl lnun bilod sigl iapun painsul ayi of aniaae llrys_ uogar jo iysu ou pur: 'pawwiaiip uaaq anry (legs asrtimp io ssol gans iaije sArp Aixrs ulylim Auedwo7 ayi of paysimnj aq lleys Aayod sigi iapun algal s! Auvdwoo ay pawtrp s! it q:)igm ioj asrwrp io ssol Aur jo iuuum w luawalrls a '(q)l, ydeiRried iapun pairnbai saa!iou aqi w uoiuppe ul NOIDV 10 1401M1WI1 — SSO1 30 3311ON 'S -paimmi os asuidxa Aur ioj painsul ay asingwlai lleys Auedwo7 ay pur 'Rut - paaaoid io uonap gans suipuajap jo Run - naasoid io 'sassaullm Wutwpigo 'aauaptna Wwmaas 'mawapias iiunaalia u! •Ru!paaaoid w uollau gans Aur ui pTr algeuosrai jlr Aurdwo ayi aAl2 lleys pamsul aqi Aurd -wok ayi Aq paisanbai ianavayA& 'asodind gans ioj painsul aqi jo awru aqi 'uoildo sl! it 'asn w n ltwiad pop 'utaiagl siraddr He pur 'sulpaaaoid io uoiiae gins w asuij -ap aptnoid 10 amaasoid os of ig9p ayi it m iinaas lleys painsul ay 'Ruipaaaoid io uu!iap Aur JO asuajap 3141 O ap!Aoid io awaasoid w Aurdwo aqi sai!nbai io sl!w -lad Aagod sr yl aiaym sasea Ile ul (p) ,Aayod siyi JO U01STAOid Aur anipm io Aul!geq apaauoa Agaiayi Too Ilrys pup iapunaiayi a19r l aq llrgs It iou io i.;Igwq m Airlod s!yi 3o swim ayi iapun uouar aieudoiddp Aur ailri Aew AurdwoD aqi pup tpamsu! se 08128 -iiow ay jo uail ayi io isaaaiui io airisa aql ]o app aqi ys!lquisa of a19piisap io Airssaaau aq Aew uowldo SIT u! galym lap iayio Ave op io Ruipaaaoid io uwiar Aur alnaasoid pup alnlnsul of is03 umo su lr itlWu aqi aney Ilpys Auedwo7 ayy (a) •aatpnlaid yans jo ivalxa aql W Aluo uayl pup ampr) yans Aq pawpnlaid Alleniap aq llrys Aurdwo? ay ssalun pamsul Aur jo wirp aqi aalpnlaid asea ou u! gigs Ajnou of aml!ej iryl 'ianamoy 'papinoid :airuwiai pup aspaa gigs ialiew io sui.paaaoid 'uouar yans jo ialletu iaalgns ay of pirRai w Auedwo:) aqi jo Aviiquil lip uayi 'alai ]o Aiijigiiialipw -on paw!pp jo uospai Aq uopaa(ai yans Aue jo Auedwo7 aqi Ajuou Alidwoid 'Wuuum ui •iou goys painsul aqi j! io 'pamsul ayi jo aspalmouil aqi of awoa goys ya%q,b isu!rsr painsul aaurigwnwa io uay 'naj -ap Aur ]o Aurdwo' aqi. Ajnou Alidwoid 'Ruuum m 'iou pays pamsul ay it io ssu! -prald io ssaaoid jo id!aaai ay jo sArp uai u!yl!m Auedwo7 aql of uaA!R aq iou llrgs wpou yans jl Iu!i!im or joaiagi Aurdwo ayi Ajgou lirys painsul ayi 'algeiailirw -on se Palaalai ST isaiamT io amsa PTes of alln ayi waAa yans Aue w pur asrga -md of sasnjai bilod slyi Aq.liaianoa aft& - liow -e iapun ales amsopaioj r it iapp!q injssa»ns ayi it io 'auirs ay asesuow. io asaal 'llas w SIDUJIU03 io sasral gllej POOR w painsul or it 'in 'bilod stye Aq paiaAOa aBeRTinw a Aq pamaas ssaupalgap -w ayi llas of 7aeilUOa gi!rj POOR u! llrys painsul ayi it io 'bilod s!yi ]o aniJTA Aq algril aq Apw io llrys Aueduio7 ayl yaTgm ioj asrwrp io ssol asnra igslw ya!ym io 'patnsur sr aWesiiow ay jo uag io lsaial -Of •lo alelsa ayi jo apn ayi of asianpr ST yaiym isaialm io 01217 jo wMD tar ]o pains -ul ayi of awoa pegs aspalmouil ism m io 'pasodialul asuajap io 'unFaq aq llrgs RuT - pawtud io uo!Ue vans Aur am ul (q) linsai lsrl o iinOa ay ur uoueutwiaiap lru!j of uoue p!1 Ave ans . -ind mu pur b!lod s!q1 Aq lsu;u9c pains -u1 aaueigwnaua io varl 'iaajap pasallr ue uodn popunoj s1 swam gans jo Aur or uoTlae 70 vopesrgl yatym ' pamsu! se aseR -iiow aqi jo uail ay io lsaiam io alelsa aqi ]o app aqi gsygrisa of airudoidde aq Arw sr u0173e gans ioj (Z) JO :purl Ptrs w lswamr io alrlsa aql jo airs r io bilod sty3 Aq paianoa ssaupalgapur pur ases -uow ay jo ales io amsopaiO] r isuTeRV pasod mini suonOunlu! io 'siapio Rutu!ensai 'sasuajapp io -painsul ayi lsulese paavaw _11103 sWu!paamid io suopw jo WUTISisnOa uopesnTi lip ut painsul ayl jo asuajap aqi ioj (1) aptnoid llegs Arlap anpun mogi!m Poe lsoa umo sir it 'Auedwo:) ayL (r) 03a11SNi 3Hl AS N3AI9 38 Ol WIV D i0 33IlON- SNOIDY d0 NOIlfl33SOad ONV 3SN3130 'b •aspalmouii inn -ylim anleA ioj iaaueigwnaua io iasryaind r aia.a painsul aql jr pau!rlsns uaaq anry iou' pinom ya!gm asrwrp io sso-I (a) 'joaiaq airy ayi of manbasgns pairaia io RuTtimir (q) io 'lue -wtrl:) painsul aqi w ssol ou u! Rullinsai io :bilod slyl jo airp ay of loud Aurd -woj aqi of apew uaaq aney Bet's painsul ayi Aq Wurlum ui joaiagi omsopstp ssalun 'spioaai allgnd ayi Aq umogs iou pur bilod s!yi Aq pamsui isaiami io airisa or pailnb -ae mewlelD painsul yans amp ayi ie io bilod s!qi in airp ay le iagi!a mew!el:) painsul aql of umouil (Z) io '.asrwrp io ssol RwwTrp painsul aqi Aq of paaise io pawnsse 'paiijjns 'pairaia (1) siailrw iayio io painsul sr alm ay isu!rse swirp asiaApe •saaurigwtoua •snag 'slaaga(j (p) •waiay papnpxa m paldaaxa asp&.T3gio ssalun 'sArmgViq w siaans yans jo auo of ssaaae ioj siaumo Wupingr jo sigsli Airu!pio aqi samsu! Aagod vyi sAeAtys!y io slaiiis vado Agra!s6yd•'aww io auo uodn singe purl aqi it ieyi idaaxa 'painsul air smawasm io siy8u 'Aliadoid yans ieyi saptnwd Alle - atjtaads Aayod s!qi ssalun u!aiayi sivawasea JO slgsu Aur io :wawanoidwi io amimils iayio Aur w sdwpi 'slauum 'silnrA aTaiayi utrm!rw of igRu ay io 'singr purl yans yalym uo sAemiaiem io sArm 'saurl `sanu -aAr •speoi -siaaiis of apn io ':) alnpayaS Tit pagtiasap Alssaidxa purl aqi jo sautl ay puo"q Aliadoid Aue of ap!,L (a) 'joaiaq alep iql le spioaai a99nd ayi w siradde slysu yans jo asiaiaxa ay jo aanou ssalun utawop lUaUtw4 io iamod a:)god jo.siyR!i lewawuiano0 (q) -purl ]o lamed io iol Aur jo pair io suorsuaw!p aqi u! uouanpai r io d!ysiaumo UT uoueiedas r Run!q!goid io 'purl p!rs uo paiaaia iaijraiaq io mou lnawaAoldwi Aur jo uoueaol TO suo!suawTP 'ialaeirya aql Ruurin8ai io 'purl aqi jo ivatuAwtia io asn 'biTudnaao ay Rup!q!yoid io SuurinWai io RUnalilsai (saauewpio Rumoz pur su!plmq 01 paitwTJ loo lnq 8utpnput) vourinsai leivauiuiaAO& io aaueu!piO 'mel AuV (e) :Rutmolloj ayi ]o suosew Aq asrump in _ssol isu!ese ainsur iou slop Aagod sry,L A3110d SIHl d0 39Va3AOD 3H1 WOad SNOISMDX3 'E •joaiay Sn0!l - elndps pur suo!itpuoa ay jo Ile of ]aa(gns 'Airleluawnilsu! io Aauasr 'painsul gans jo ionrj uT 4310] ut anuryTUia lleys Aagod slyl •joaiayi lard Aur io 'Aatlod sryi Aq paianoa asrsuow r Aq painaas ssaupalgapw aql Rut - aawrienR io Ruti A;uelen$ to larlluoa aaurmsui up jo - aauanbasuoa r sr: 'jowayi lied Aue io isaiaiuy io alelsa p!rs Saiinbae Aiyeivawniisu! io Aauase leiapaj p it io 'jowagl Ned Ave io 'ssaupalgaput pies jo voparjsTlps ul iauuew lr8al iayio 10 'airs saaisnii •ainsolaaioj Aq 'joaiag3 ilyd Aue JO 'isaialul io alrlsa pies saitnbae il aln -pagaS to pagtnsap a2r8liow r Aq painaas ssaupalgapw ayi jo sumo pamsut up jl 31111 d0 NOI11SMOW a31JV S1193N38 'Z -joaiay suo!s!AOJd aqi of as!miagio laalgns '7ou io waiag patnsui or se pawru iaylaym ))oaiayi lied Aur io 'ssaup itlapui p!rs 8umai0eirn2 io Ruiinsui AiueirnR io lard .uo:) aaupinsui or iapun ioivrirnR io lams -UT ur sr gxgm Auleivawnslsu! io AauaRe lriapaj Aur W pur •ssaupalgapu! pips jo uonarjs!les w iauupw irsal iayio io airs s aaisriii `amsolaaioj Aq Aallod stye u! of paiiajai lswalut io airisa ayl saimbar oym iaumo gans Aue (Z) `ssaupaigapur yans jo dTysiaumo u! ISaiainT u! iossaaans gaga (1) apnpuT ilegs pams°i ayi 'V alnPagaS TIT painsul ve• se pawru sr q alnpagaS u! umoys ase8iiow a Aq paimas ssaupalgap -ur ayi jo iaumo ay j! pur 'painsul sr pawev sauced io Alied aq; :,, painsu!„ (j) pup :waumiisu! Allinaas iayio io 'paap isnii 'isnil jo paap 'oSleppow :, ase8iiow„ (a) 'airp aA!iaajja ayi :, airp,. (P) :spioaai a!lgnd Aur jo uosrai Aq painsul ay w pamdw! aq Auto galym aauou io aspaimouii anTi7niisuoa IOU 'aspalmouilleniar:,aspalmouj.. (a) :purl p!es of Rugrlai siailrw jo aaTlou aA!ianiisuoa iirdwi yatym spioaai asoyl :,spioaai aggnd„ (q) :Aiiadoid leai alnmsuoa mil Aq ga.gm maiayi paxtj]e sluawanoidwr pop ) alnpayas u. •aawiajai Aq io Alla - 3upads 'pagpxaP purl ayi :..Puri,. (e) :uraw Aatlod ST ye w Paso uaym swiai Rutmolloj ayy SNOI.LV"IfIdIjS QNd SNOI.LIQNOD SWa31 d0 NOILIN1130 'l 96102- CFF -VH TO CoUf atAec SCHEDULE A caie«„io land iftb Astodation Standard caveiow rouQ. -lees Premium $149.25 Effective Amount $ 22,500.00 Date JANUARY 19, 1970 AT 8:01 A.M. Policy No. 96102 INSURED CITY OF SAN LUIS OBISPO, A MUNICIPAL CORPORATION 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF SAN LUIS OBISPO, A MUNICIPAL CORPORATION. 2. The estate or interest in the land described or referred to in Schedule C covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I L Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records. A Discrepancies, conflicts in boundary lines, shortage in encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water righ% claims or title to water. 96102 -CFF TO 1017 -1 B Cord. t Calffo nfa Land Titb Auoclaflan Standard Cev oa Policy -1963 SCHEDULE B— (Continued) PART II 1. GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE FISCAL YEAR 1969 -1970 SECOND INSTALLMENT $277.85. CJ 96102 -CFF To 101a1 -105M COCC Anwi= LwW TOES Amodatlan tamp Pallcy Addi8aial Caywow -IM Callfamta Eaed TErb Anodatlon SCHEDULE C Standad Cmw*W Ebllcy -1%3 The land referred to in this policy is described as follows: THOSE PORTIONS OF LOTS 7 -8 AND 6 IN BLOCK 8 OF A MAP OF PARTS OF THE CITY OF SAN LUIS OBISPO, OWNED BY A. MURRAY.. IN THE CITY OF SAN LUIS OBISPO, COUNTY OF SAN LUIS OBISPO, STATE OF CALIFORNIA, AS PER MAP FILED IN BOOK A, PAGE 145 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, INCLUDED WITHIN THE FOLLOWING DESCRIBED LINES: BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF SAID BLOCK THAT IS DISTANT NORTHEASTERLY ALONG SAID SOUTHEASTERLY LINE 54 FEET FROM THE MOST SOUTHERLY CORNER OF SAID BLOCK 8; THENCE NORTHEASTERLY ALONG THE SOUTHEASTERLY LINE OF SAID BLOCK 81 A DISTANCE OF 87.5 FEET TO A POINT THAT IS DISTANT SOUTHWESTERLY 8.5 FEET FROM THE MOST EASTERLY CORNER OF SAID LOT 6; THENCE NORTHWESTERLY PARALLEL WITH THE NORTHEASTERLY LINE OF SAID LOT 6, TO THE NORTHWESTERLY LINE OF SAID LOT 6; THENCE SOUTHWESTERLY ALONG THE NORTHWESTERLY LINE OF SAID BLOCK 8 TO A LINE THAT IS PARALLEL WITH THE SOUTHWESTERLY LINE OF SAID BLOCK 8 AND WHICH PASSES THROUGH THE POINT OF BEGINNING; THENCE SOUTHEASTERLY PARALLEL WITH THE SOUTHWESTERLY LINE OF SAID BLOCK TO THE POINT OF BEGINNING. CLTA 107.9 (4 -10 -69) ( 8.69) ALTA OR STANDARD COVERAGE INDORSEMENT ATTACHED TO POLICY NO. 9 610 Z ISSUED BY Title Insurance and Trust Company The following exclusion from coverage under this policy is added to Para_ graph 3 of the Conditions and Stipulations: "Consumer credit protection, truth in lending or similar law." The total liability of the Company under said policy and any indorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the conditions and stipulations thereof to pay. This indorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. PNG E AND i` _J�•• ®ME IS PRO°•• d; • .r0 d c C a TF ®• VO �ll ex X ll�r •STATEIS�'Je• °� 1\\4\NGELES GP` Title Insurance and Trust Company By SECRETARY TO 236 VC Z T� J �.1 2' i 8 L OC is 8 1 -I IGUi�t;''; T TT This is not a survey of the land but is compiled for information by the 1 Title Insurance and Trust Company from data shown by the official records. .91W161 *102. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) the full amount of. this polity, together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to the Com- pany by the Insured, the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price. 7. PAYMENT OF LOSS (a) The liability of the Company under this policy shall in no case exceed, in all, the actual loss of the Insured and costs and attorneys' fees which the Company may be obligated hereunder to pay. (b) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (I ) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of such notice, or '(2) for liability voluntarily assumed by the Insured in settling any claim or suit without written consent of the Company, or (3) in the event the tide is rejected as unmarketable because of a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determination by a court of competent juris- diction sustaining such rejection. (d) All payments under this policy, ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the polity be lost or destroyed,, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Com- pany; provided, however, if the owner of an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured of a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with the conditions of this polity the loss or damage shall be pay- able within thirty days thereafter. B. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here- after executed by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a pay- ment to the Insured under this policy. The provisions of this paragraph numbered 8 shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this policy, all right of sub- rogation shall vest in the Company . un- affected by any act of the Insured, and it shall be subrogated to and be entitled to all rights and remedies which the Insured would have had against any person or prop- erty in respect to such claim had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall be subrogated to such rights and remedies in the proportion which said pay- ment bears to the amount of said loss. If loss should result from any act of the In- sured, such act shall not void this polity, but the Company, in that event, shall be required to pay only that part of any losses insured against hereunder which shall ex- ceed the amount, if any, lost to the Com- pany by reason of the impairment of the right of subrogation. The Insured, if .re- quested by the Company,' shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of subrogation, and shall permit the Company to use the name of the Insured in any transaction or litigation involving such rights or remedies. If the Insured is the owner of the in- debtedness secured by a mortgage covered by this policy, such Insured may release or substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any col- lateral security for the indebtedness, pro- vided such act does not result in any loss of priority of the lien of the mortgage. 10. POLICY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mortgage covered by this policy or the title of the estate or interest insured herein must be based on the provisions of this policy. No provision or condition of this policy can be waived or changed except'by writing endorsed hereon or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company. 11. NOTICES, WHERE SENT All notices required to be given the Com- pany and any statement in writing required to be furnished the Company shall be ad- dressed to it at the office which issued this polity or to its Home Office, 433 South Spring Street, Los Angeles 54, California. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. TI Title Insurance and Trust Company CERTIFICATE OF ACCEPTANCE 0***0O *000!0* ** THIS IS TO CERTIFY that the interest in real property conveyed by the Grant Deed dated November 2 5 19 69,from John J. Ahearn and Mary C. Ahearn, husband and wife, to the CITY OF SAN LUIS OBISPO, a Political Corporation, is hereby accepted by the undersigned officer on behalf of the City Council pursuant to authority conferred by Resolution No. 549 (1959 Series), recorded 1V:;ay 26, 1959, in Volume 1002, Official records, Page 292, San Luis Obispo County, California, and the Grantee consents to recordation thereof by its duly authorized officer or his agent. DatetTanuary 15, 1970 CITY OF SAN LUIS OBISPO - By ATTEST• lert EM Of DOCUMENT VOL1550 PAGf230 i EXHIBIT "A" Those portions of Lots 7 -8 and G in Block 8 of a map of parts of the City of San Luis Obispo, owned by A. Hurray, in the City of San Luis Obispo, County of San Luis Obispo, State of California, as per map filed in Book A, Page 145 of Maps, in the Office of the County Recorder of said County, included within the following described lines: 'beginning at a point on the Southeasterly line of said block that is distant northeasterly along, said southeasterly line 54 feet from the most Southerly corner of said Block B, thence ?northeasterly along the Southeasterly line of said Block 8 a distance of 87.5 feet to a point that is distant Southwesterly 8.5 feet from the most Easterly corner of said Lot 6, thence `northwesterly parallel with the Northeasterly line of said I..ot. G, to the.Northwesterly line of said Lot 6- thence Southwesterly along, the Northwesterly line of said Block '8 to a line that is parallel with the Southwesterly line of said Block 8 and which passes through the point of beginning; thence Southeasterly parallel with the Southwesterly line of said Block .to the point of beginning. VOL1550 PACE22.9' Title Insurance and Trust Company 1141 CHORRO STREET - P. O. BOX 510 - SAN LUIS OBISPO, CALIFORNIA 93401 - (SOS) 543 -2900 CHARLES F. DORSEY ASSISTANT VICE PRESIDENT AND MANAGER January 19, 1970 City of San Luis Obispo 990 Palm Street San Luis Obispo, California Re: Escrow No. 96102 -PP Ahearn Gentlemen: Your above_ numbered escrow has been closed in accord- ance with instructions, and we enclose the following: 1. Statement showing receipts and disbursements. 2. Check in the amount of $16.92. You have been credited with $22.78 towards the second half of the 1969 -70 taxes. These taxes are due and payable on or before April 10, 1970. Your policy of Title Insurance will be sent to you in a few days under separate cover. Your deed has been recorded and will be mailed to you from the County Recorder's office within a few days. We thank you for the privilege of serving you in this matter. Very truly yours, Phy is Ponomaroff Esc w Officer PP:sb Enc. ES 6 16 -681 O Title Insurance and Trust Company 1141 Chorro Street - P.O. Box 810 - San Luis Obispo, California 93401 DATE 1 -1^ -70 - ORDER N0. 96102 ESCROW OFFICER DD Ponomaroff ESCROW CLOSING STATEMENT y F q City of San Luis Obispo '990 Palm Street Ahearn 'San Iuis Obispo, California 93401 L J I T E M S D E B I T S CREDITS - SALE /PURCHASE PRICE 22, 500.00 DEPOSITS 22t549,24 DEPOSIT RETAINED EXISTING LOAN NEW LOAN 22.78 PRO - RATA - TAXES - INSURANCE -INTEREST - RENTS TITLE INSURANCE POLICY FOR $ ESCROW FEE 51.50 RECONVEYANCE FEE PREPARING DOCUMENTS NOTARY FEE TRANSFER TAX RECORDING: deed 3.60 TAX COLLECTOR COMMISSION. INSURANCE CHECK HEREWITH 16.92 BALANCE DUE. TOTALS 22 572.02 22 572.02 SAVE FOR INCOME TAX PURPOSES